[Asia Economy Reporter Kwon Jae-hee] The cryptocurrency market continued its bearish trend over the weekend.
According to cryptocurrency information site Coindesk on the 29th (local time), as of 2:30 PM Pacific Time (6:30 AM Korean Time on the 30th), Bitcoin was trading at $34,191.54, down 2.22% compared to 24 hours earlier.
Accordingly, Bitcoin's market capitalization was recorded at $640 billion.
Ethereum also fell 4.79% to $2,241.07, reducing its market cap to $261 billion.
Dogecoin, promoted by Tesla CEO Elon Musk, dropped below $0.30.
Dogecoin traded at $0.29, down 4.24%, with its market capitalization shrinking to $38.2 billion.
Coindesk reported, "As negative factors continue, cryptocurrency prices are falling, and uncertainty dominates over when they will rebound."
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